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Lease Obligations

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Obligations

9. LEASE OBLIGATIONS

The Company has operating and finance leases primarily for construction and transportation equipment as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years.

The components of lease expense were as follows:

	Three Months Ended June 30, 2019				Six Months Ended June 30, 2019
Operating lease cost	$	1,960			$	4,171
Short-term lease cost	$	3,269			$	8,012
Finance lease cost:
Amortization of right-of-use assets	$	39			$	71
Interest on lease liabilities	1				3
Total finance lease cost	$	40			$	74

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,466
Operating cash flows from finance leases	$	3
Financing cash flows from finance leases	$	71
Right-of-use assets obtained in exchange for lease obligations (noncash):
Operating leases	$	6,311
Finance leases	$	770

Supplemental balance sheet information related to leases was as follows:

	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$	14,995
Current portion of long-term lease obligations	$	7,059
Long-term lease obligations	8,030
Total operating lease liabilities	$	15,089
Finance Leases
Property and equipment, at cost	$	1,433
Accumulated depreciation	(347		)
Property and equipment, net	$	1,086
Current maturities of long-term debt	$	234
Long-term debt	626
Total finance lease liabilities	$	860
Weighted Average Remaining Lease Term
Operating leases	2.8
Finance leases	4.4
Weighted Average Discount Rate
Operating leases	6.0		%
Finance leases	4.2		%

Maturities of lease liabilities are as follows:

	Operating Leases				Finance Leases
Year Ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	4,206			$	157
2020	5,885				209
2021	4,231				186
2022	2,087				161
2023	399				154
Thereafter	5				77
Total lease payments	$	16,813			$	944
Less imputed interest	(1,724		)		(84		)
Total	$	15,089			$	860

Lease Obligations

9. LEASE OBLIGATIONS

The Company has operating and finance leases primarily for construction and transportation equipment as well as office space. The Company’s leases have remaining lease terms of 1 month to 5 years, some of which include options to extend the leases for up to 10 years.

The components of lease expense were as follows:

	Three Months Ended June 30, 2019				Six Months Ended June 30, 2019
Operating lease cost	$	1,960			$	4,171
Short-term lease cost	$	3,269			$	8,012
Finance lease cost:
Amortization of right-of-use assets	$	39			$	71
Interest on lease liabilities	1				3
Total finance lease cost	$	40			$	74

Supplemental cash flow information related to leases was as follows:

	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,466
Operating cash flows from finance leases	$	3
Financing cash flows from finance leases	$	71
Right-of-use assets obtained in exchange for lease obligations (noncash):
Operating leases	$	6,311
Finance leases	$	770

Supplemental balance sheet information related to leases was as follows:

	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$	14,995
Current portion of long-term lease obligations	$	7,059
Long-term lease obligations	8,030
Total operating lease liabilities	$	15,089
Finance Leases
Property and equipment, at cost	$	1,433
Accumulated depreciation	(347		)
Property and equipment, net	$	1,086
Current maturities of long-term debt	$	234
Long-term debt	626
Total finance lease liabilities	$	860
Weighted Average Remaining Lease Term
Operating leases	2.8
Finance leases	4.4
Weighted Average Discount Rate
Operating leases	6.0		%
Finance leases	4.2		%

Maturities of lease liabilities are as follows:

	Operating Leases				Finance Leases
Year Ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	4,206			$	157
2020	5,885				209
2021	4,231				186
2022	2,087				161
2023	399				154
Thereafter	5				77
Total lease payments	$	16,813			$	944
Less imputed interest	(1,724		)		(84		)
Total	$	15,089			$	860

X

- References

No definition available.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

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